Sabra Health Care Reit Inc Stock Price, News & Analysis

Sabra Health Care REIT, Inc. (NASDAQ: SBRA) has completed the acquisition of a high-quality Canadian senior housing portfolio for C$307.5 million (USD $236.5 million) through a 50/50 joint venture with Sienna Senior Living (TSX: SIA). This portfolio includes 11 independent living communities located in Ontario and Saskatchewan, with an average age of six years. The acquisition positions Sabra to benefit from the anticipated demand growth as Canada's 75+ population is projected to double in the next 20 years. Funding for this acquisition was sourced from cash reserves and a credit facility.

Sabra Health Care REIT (Nasdaq: SBRA) reported a strong first quarter of 2022, with net income of $0.18 per diluted share and normalized FFO of $0.38. The company achieved a 99.5% rent collection rate since the COVID-19 pandemic began. Noteworthy acquisitions included a $26 million managed senior housing community. Sabra's EBITDARM coverage remained solid across various sectors, particularly in specialty hospitals at 7.52x. A quarterly dividend of $0.30 per share was declared, reflecting a 79% payout of normalized AFFO.

Sabra Health Care REIT (Nasdaq: SBRA) has received an affirmation from Fitch Ratings with a 'BBB-' rating and a Stable Outlook. The affirmation highlights Sabra's robust liquidity, portfolio quality, and operational lease coverage. CEO Rick Matros emphasized that maintaining a strong balance sheet is integral to the company’s strategy and appreciates Fitch's recognition of their efforts. The full report can be accessed on Fitch's website.

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) will release its 2022 first quarter earnings on May 4, 2022, post-market close. A conference call to discuss these results is scheduled for May 5, 2022, at 10:00 a.m. Pacific Time. Participants can join via dial-in numbers provided for U.S. and international callers. The call will be broadcasted live and a digital replay will be accessible on their website. Sabra operates as a self-managed REIT focused on healthcare real estate investments across the U.S. and Canada.

Sabra Health Care REIT (SBRA) has become an Alliance Member of the Well Living Lab, collaborating on the WISE initiative to improve health outcomes in senior living environments. This partnership aims to enhance research on how indoor conditions affect well-being. Notably, Enlivant, one of Sabra's major operators, achieved the WELL Health-Safety Rating for its entire portfolio, underlining Sabra's commitment to ESG initiatives. The collaboration seeks to develop practical solutions for healthier living spaces, benefiting both residents and the senior care industry.

On April 5, 2022, Sabra Health Care REIT (NASDAQ: SBRA) announced that its leadership team, including Chair and CEO Rick Matros, CIO Talya Nevo-Hacohen, and SVP Jessica Flores, will participate in the Credit Suisse Inaugural Healthcare REIT Summit in New York. This event aims to enhance discussions on the healthcare real estate sector and Sabra's commitment to investing in healthcare properties across the U.S. and Canada.

Sabra Health Care REIT (NASDAQ: SBRA) is participating in the 2022 NIC Spring Conference from March 23-25, 2022, at the Omni Dallas Hotel in Texas. Key representatives, including Chief Investment Officer Talya Nevo-Hacohen and Executive VP of Investments Darrin Smith, will be attending the event. Sabra operates as a self-administered, self-managed REIT, focusing on real estate investments in the healthcare sector across the U.S. and Canada.

Sabra Health Care REIT (SBRA) reported a net loss of $0.11 per diluted common share for Q4 2021, with funds from operations (FFO) at $0.11 and normalized FFO at $0.39. The results included a $18.6 million lease intangible amortization related to Avamere. Despite a 30% rent reduction agreed with Avamere, 99.6% of forecasted rents have been collected during the pandemic. The company made significant investments totaling $419.4 million in 2021, maintaining strong liquidity of $1.1 billion. A quarterly dividend of $0.30 per share was declared.

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced that its executives, including Chair and CEO Rick Matros, CFO Michael Costa, CIO Talya Nevo-Hacohen, and SVP of Finance Lukas Hartwich, will attend Citi's Global Property CEO Conference. This event will take place from March 6 - 9, 2022 at The Diplomat Beach Resort in Hollywood, Florida. The company operates as a self-administered REIT, focusing on real estate investments in the healthcare sector across the United States and Canada.